JFrog Ltd. (NASDAQ:FROG) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in JFrog Ltd. (NASDAQ:FROG) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,836,526 shares of the company’s stock after purchasing an additional 349,532 shares during the period. Vanguard Group Inc. owned approximately 8.67% of JFrog worth $259,882,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of JFrog during the 4th quarter valued at about $30,554,000. Principal Financial Group Inc. raised its stake in shares of JFrog by 55.8% during the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after purchasing an additional 514,895 shares during the period. TimesSquare Capital Management LLC lifted its position in shares of JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock worth $100,002,000 after purchasing an additional 365,376 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of JFrog by 127.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 528,260 shares of the company’s stock valued at $15,536,000 after purchasing an additional 296,498 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in JFrog during the 3rd quarter valued at $6,486,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Trading Down 6.3 %

NASDAQ FROG opened at $29.08 on Friday. The company has a 50-day moving average price of $35.36 and a two-hundred day moving average price of $32.21. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -46.16 and a beta of 0.98. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $43.67.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The firm had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. As a group, equities research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FROG. Canaccord Genuity Group upped their price objective on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. KeyCorp restated an “overweight” rating and set a $46.00 price objective (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Stifel Nicolaus upped their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Morgan Stanley raised their price target on shares of JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Barclays upped their price target on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.06.

Insider Buying and Selling at JFrog

In other news, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total transaction of $560,445.75. Following the completion of the sale, the chief executive officer now directly owns 4,884,584 shares in the company, valued at $154,010,933.52. The trade was a 0.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eduard Grabscheid sold 11,942 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $42.99, for a total value of $513,386.58. Following the completion of the transaction, the chief financial officer now owns 172,406 shares in the company, valued at $7,411,733.94. This represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 439,104 shares of company stock valued at $15,514,264 in the last 90 days. 15.70% of the stock is currently owned by corporate insiders.

JFrog Company Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.